Federal land policy of the United States was much less generous toward squatters than some of the colonial government's land policies before Independence
Indicate whether the statement is true or false
True
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In the above figure, the efficient quantity of magazines to produce per day is
A) 0, because that is where the marginal social benefit exceeds the marginal social cost by as much as possible. B) more than 0 and less than 300,000 magazines. C) 300,000 magazines. D) more than 300,000 magazines.
In an expansion,
a. federal budget deficits tend to rise b. federal budget deficits tend to fall c. the federal debt tends to rise faster than in a recession d. federal government tax receipts tend to fall e. there is pressure on the Fed to monetize the debt
Suppose the interest rate is 8 percent. Consider three payment options. 1 . $300 today. 2 . $330 one year from today. 3 . $360 two years from today. Which of the following is correct?
a. 1 has the highest present value and 2 has the lowest. b. 2 has the highest present value and 3 has the lowest. c. 3 has the highest present value and 1 has the lowest. d. None of the above is correct.
During the Great Depression, the United States economy operated ______________ the production possibilities frontier.
Fill in the blank(s) with the appropriate word(s).